Interest rates to be stable in short-term: ICICI

Interest rates are likely to remain stable in the short-term, a top banking industry official said on Thursday.

"Our understanding is that interest rate would remain stable for the next 6-9-months," ICICI Bank Executive Director V Vaidyanathan told reporters in Mumbai.

Private sector ICICI Bank is the second largest lender in the country after state-owned State Bank of India. On a possible